Jeremy Maletz

So I think most of what you've seen, the vast, vast majority where people find something that's insider trading based is on the DeFi platforms because there is KYC on the regulated space.

And that's why, you know, we are participating in the regulated space.

So that's the first important thing is if you're in the regulated space, you're much more protected.

The other thing is, insider trading is something that does exist everywhere.

And there's a mechanism that works to suss it out.

And that's reporting from the people that are in the market.

Generally, one of the things that we're always paying attention to is, what are the incentives of the person on the other side of the trade?

And when someone's insider trading, it's a lot more obvious that, OK, well, what are the incentives?

They don't make sense.

The thing then happens and, OK, we can make a pretty decent Bayesian update that this was probably insider trading and report it.

And it's actually easier in prediction markets because this stuff is more obvious.

There's a million reasons that someone can buy Apple stock.

But there's not that many reasons that someone can buy like, is Maduro going to be out?

Right.

So it's actually easier to spot this stuff.

And by the way, one thing we're extremely happy about is the DOJ is now even going after the crypto-based platforms where

I think they kind of knew.

People probably thought they were safe.

You're not safe in crypto land.

Actually, everything's on the blockchain, right?